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Please review this link for the full terms and conditions and risk disclosure. ZipUp+ products have not been approved by the Monetary Authority of Singapore (“MAS”) under the Payment Services Act 2019 and MAS has not reviewed or approved any features of these product offerings. In addition, funds stored in your Fiat Wallet do not benefit from the SDIC or any similar insurance or guaranty scheme of any other jurisdiction. DPT held in your Hosted Wallet is not subject to the Singapore Deposit Insurance Scheme (“SDIC”) or any similar insurance or guaranty scheme of any other jurisdiction.Crypto-savvy Argentinians have used DeFi to escape. For example, on what’s probably the most well-known DeFi platform, compound, you can currently lend out your money using the DAI stablecoin at 8.07 interest, or borrow against it at 8.48 interest. You should be aware that Zipmex may offer services related to DPTs which are promoted as having a stable value, commonly known as “stablecoin”. Theres a booming crypto economy out there, where you can lend, borrow, long/short, earn interest, and more. The main idea of DeFi lending is you cut out the bank and its ridiculous cut and match lenders directly with borrowers.You should buy DPTs only if you are prepared to accept the risk of losing all of the money you put into such tokens. DeFi Bleeding Defi Market Still has Hope Left in it Celsius debt reduces amid DeFi protocols repayment DeFi Space Seen Record Losses in Hacks and Attacks. Besides MakerDAO that we just mentioned there are a few other important defi projects in this category. Let’s talk about each of the categories one by one. You should be aware that the value of DPTs may fluctuate greatly. Some of the other important parts are stable coins, decentralized exchanges, derivatives, margin trading and insurance.This includes how the DPT is created, and how the DPT you intend to transact is transferred or held by Zipmex. You should not transact in the DPT if you are not familiar with this DPT.This means that you will not be able to recover all the money or DPTs you paid to Zipmex if Zipmex’s business fails. Decentralized finance (DeFi) offers financial instruments without relying on intermediaries such as brokerages, exchanges, or banks by using smart contracts. Zipmex is not currently licensed by MAS to provide DPT services.The Monetary Authority of Singapore ("MAS") requires us to provide this risk warning to you as a customer of Zipmex.īefore you pay Zipmex any money or DPT, you must be aware of the following. RISK WARNING ON DIGITAL PAYMENT TOKEN SERVICES